The focus will also be on developing a synchronised information system for the energy industry, including gas and oil, petroleum, coal, electricity, renewable energy and new energies.
Without a long-term strategy and faster localisation, Việt Nam''s energy sector could very well fall short in the competition for renewable energy market share on home ground, said industry insiders and experts.
Viet Nam energy sector''s assets face high risk due to climate change and the country''s commitment to a shift towards greener energy and economic structure in accordance with the 26th UN Climate Change Conference of the Parties (COP26).
The value of the Vietnamese renewable energy sector may reach US$714 billion and it may keep developing for at least 25 years, Vietinbank Securities JSC said in a report.
This month saw the inauguration of the largest solar power plant in Southeast Asia, Dau Tieng in Tay Ninh Province, by Dau Tieng Energy JSC and Thailand’s B.Grimm Power Public Company limited.
The European Commission and the Ministry of Industry and Trade (MoIT) officially launched the European Union (EU) – Viet Nam Energy Facility worth 108 million euros on Tuesday in Ha Noi.
Vietnamese stocks rebounded on Friday morning after a brief decline on Thursday as investors bet on their recovery along with rising global oil prices.
Ninh Thuan has given priority to attracting investment in the energy
sector in an aim to become Viet Nam''s clean energy centre, the chairman
of the province''s People''s Committee said at an investment conference
held yesterday in HCM City.
The country''s energy sector witnessed a relatively high growth rate in
the initial two months of 2014 compared to the same period last year,
stated the Ministry of Industry and Trade.